EU, US remain far from reaching a tariff agreement
The EU Economic Commissioner, Valdis Dombrovskis, stated on Friday, 25 April 2025, that the United States and the European Union still have work to do to reach a deal that avoids tariffs on each other's goods. The US has imposed 25% tariffs on EU
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Cyprus, Curacao sign income tax treaty
The Cyprus Ministry of Finance has signed an income tax treaty with Curacao on 23 April 2025. The agreement aims to eliminate double taxation on income and prevent fiscal evasion between the two nations. The agreement is based on the OECD Model
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Slovenia seeks input on crypto and derivative financial instruments tax bills
The Slovenian Ministry of Finance has launched a public consultation on the draft Act on Capital Gains Tax on the Disposal of Crypto-Assets and the draft amendment to the Act on Capital Gains Tax on the Disposal of Derivative Financial Instruments,
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Malta enacts Budget Act introducing elective tax and capital deduction rules
Malta has enacted Act No. IX of 2025 on 17 April 2025, implementing key income tax measures for the 2025 financial year. The Act introduces an Elective Tax, allowing for the application of Pillar 2 top-up taxes on an optional basis. This follows
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Brazil: Senate approves tax treaty protocol with Sweden
Brazil’s Senate approved the ratification of the amending protocol to the 1975 income tax treaty with Sweden on 23 April 2025. Signed on 19 March 2019, the protocol updates the treaty to meet minimum BEPS standards and introduces other changes.
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Slovak Republic: Parliament rejects bill to ease advance income tax rules for some taxpayers
The Slovak Republic Parliament has rejected a bill that brings amendments to the Income Tax Act on 15 April 2025. This legislation grants small and medium-sized enterprises, including both individual entrepreneurs and legal entities, greater
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Slovak Republic: Parliament rejects higher VAT threshold bill
The Slovak Republic Parliament rejected a bill to amend the VAT Act on 15 April 2025. The proposal aimed to raise mandatory VAT registration thresholds for businesses from EUR 50,000 and EUR 62,500 to EUR 75,000. Earlier, the Slovak Republic
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Finland: Government approves 2026–29 fiscal plan, introduces corporate tax cut and extended loss carryforward
Finland's Ministry of Finance has announced that the Government has approved the General Government Fiscal Plan for 2026–2029 on 23 April 2025. The decisions aim to strengthen the foundation for economic growth while prioritising the security of
See MoreMalta: Tax and Customs launches new large taxpayer office to streamline services
The Malta Tax and Customs Administration (MTCA) has announced the launch of a new Large Taxpayer Office (LTO), as part of its broader transformation strategy. This announcement was made by the Government of Malta on 9 April 2025. The LTO is
See MoreSlovak Republic: Parliament rejects bills to exempt social enterprises from financial transaction tax and to lower excise duty on motor fuels
The Slovak Republic’s Parliament voted down two proposed bills seeking to amend the Financial Transaction Tax (FTT) Act and revise the Excise Duty Law on Mineral Oil on 15 April 2025. Financial Transaction Tax (FTT) Act amendment The
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Belgium ratifies amending protocol to tax treaty with Vietnam
Belgium has ratified the protocol to the 1996 income and capital tax treaty with Vietnam through Decree of 24 March 2025. The agreement aims to prevent double taxation and curb fiscal evasion, and ensure fair taxation on income and capital in
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Italy announces 2024 reliability synthetic indexes
Italy’s Ministry of Economy and Finance has published the Decree of 31 March 2025 in the Official Gazette on 18 April 2025, introducing the synthetic indexes of taxpayer reliability (ISA) for 100 business activity categories, applicable for the
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Netherlands scraps proposed VAT hike on sports, culture, media in 2025 Spring Memorandum
The Netherlands Ministry of Finance has released the Spring Memorandum 2025 on 18 April 2025, detailing budget adjustments and policy decisions, including tax measures. It confirms that the government is scrapping the planned VAT increase on
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Lithuania proposes CIT hike, additional tax measures from 2026
The Lithuanian Ministry of Finance has announced tax measures, on 16 April 2025, which propose raising the standard corporate income tax rate (CIT) from 16% to 17% and the reduced rate from 6% to 7%. The changes are expected to generate EUR 111.5
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Italy, US call for non-discriminatory digital services tax
The Trump Administration has released the United States–Italy Joint Leaders Statement on 18 April 2025, marking the conclusion of the first official meeting between US President Donald Trump and Italy’s Prime Minister Giorgia Meloni. The
See MoreSlovak Republic: President approves amendments to rental housing and VAT laws
The President of the Slovak Republic has signed the bill revising the Law on State Support for Rental Housing on 15 April 2025. This legislation also introduces amendments to the Value Added Tax (VAT) Law as it applies to rental housing within
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Romania: Government approves tax treaty with UK
The Romanian government has approved the 2024 Romania–United Kingdom income tax treaty on 16 April 2025. The agreement will come into force once the ratification instruments have been exchanged. Upon becoming effective, it will supersede the
See MoreMalta introduces new rules for easier EU information sharing
Malta issued Legal Notice 70 of 2025 on 8 April 2025 to transpose Directive (EU) 2023/977. These new regulations replace Council Framework Decision 2006/960/JHA and simplify the exchange of information between law enforcement authorities across EU
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